#United States #Class Action #Philadelphia #Berger Montague #ChampionX Corporation

Berger Montague Investigates ChampionX Corporation

Philadelphia, PA - The national law firm Berger Montague PC has recently announced that it is investigating claims on behalf of investors of ChampionX Corporation (NASDAQ: CHX) following the filing of a class action lawsuit. This legal action is directed towards investors who sold shares of ChampionX during the specific class period from February 29, 2024, to April 1, 2024.

Background of the Case

Prior to its acquisition by SLB in July 2025, ChampionX was recognized as a prominent player in the oil and gas industry, specializing in integrated chemistry solutions and engineered equipment. The class action alleges that ChampionX, along with its senior executives, possessed significant non-public information regarding unsolicited acquisition offers from SLB while simultaneously repurchasing their own shares on the open market. This transaction is under scrutiny as it potentially violates investor trust by artificially inflating prices while critical information was withheld.

The lawsuit claims that ChampionX received a non-public acquisition offer of $36.70 per share from SLB on February 29, 2024, which was subsequently increased to $37.80 per share on March 7, 2024. Throughout the class period, however, ChampionX’s average stock price was notably lower at $33.32 per share until the information was publicly disclosed after market hours on April 2, 2024, at which point the investment community learned of the completed agreement with SLB to acquire ChampionX for $40.58 per share.

Implications for Investors

Investors who sold ChampionX shares during the aforementioned period are encouraged to review their options as they may qualify to become lead plaintiffs in this class action lawsuit. Attorneys at Berger Montague are available to provide information on how to pursue this claim. The firm has set a deadline for potential lead plaintiffs to come forward by July 14, 2026.

This case underscores the need for transparency and accountability in corporate transactions, and Berger Montague is prepared to advocate for the rights of investors who may have been misled. For more details regarding the investigation and how to file a claim, investors can reach out to Andrew Abramowitz or Caitlin Adorni at Berger Montague.

About Berger Montague

With over five decades of experience, Berger Montague is recognized for its expertise in complex civil litigation and has successfully recovered more than $50 billion for clients in various practice areas, including antitrust, consumer protection, and securities law. The firm is headquartered in Philadelphia and operates several offices nationwide, continuing to offer robust legal representation for affected individuals and investor classes.

Investors are encouraged to stay informed and take action if they believe their rights have been compromised. For inquiries, reach out to Berger Montague at the contacts provided above.

Conclusion

The unfolding of this lawsuit against ChampionX Corporation spotlights the critical issues surrounding investor information rights and corporate governance. As the investigation progresses, affected investors are urged to engage proactively and seek the guidance of experienced legal counsel. Berger Montague's commitment to holding corporations accountable may offer a pathway for investors to recover their losses and ensure that such lapses in corporate governance are addressed adequately.